House Bill 2384 Summary

• Amends the Arizona standard fire policy to require insurers use wildfire risk modeling for cities and towns with populations under 150,000 persons.

• Requires rating plans to account for city or town-level mitigation designations and reduce rates for structures in Firewise USA Sites in good standing.

• Defines "wildfire risk model" as any map-based, computer-based, or simulation tool used by insurers to classify structures by wildfire risk or estimate potential losses from wildfire risk.

• Modifies grounds for policy cancellation by raising the threshold for "substantial change in risk" to require a minimum substantiated potential loss of at least $2,000,000.

• Clarifies that conditions not located on the premises cannot be grounds for nonrenewal and adds a 60-day lookback period for consumer reports used in declination decisions.